Tax policy and renewable energy incentives

Question

1. How does Treasury consider the government's net zero emissions or renewable energy targets when it looks at existing or reforming tax policy? 2. Considering policies like instant asset write-off for businesses, or tax deduction depreciation timelines, is the contribution of those new assets to national emissions or emissions reduction efforts considered? 3. Has Treasury considered using tax incentives to drive investment in household-level renewable energy assets, like solar panels and batteries? 4. Has Treasury considered accelerating depreciation timelines or using instant asset write-off for investments in household-level renewable energy assets, like solar panels and batteries? If not, why not?

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000292 BET095 - Tax policy and renewable energy incentives.pdf (opens in a new tab)